Fmr LLC Increases Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

FMR LLC raised its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 7.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 732,459 shares of the consumer goods maker's stock after purchasing an additional 47,684 shares during the quarter. FMR LLC's holdings in Anheuser-Busch InBev SA/NV were worth $48,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BUD. Fisher Asset Management LLC raised its position in Anheuser-Busch InBev SA/NV by 6.0% in the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker's stock valued at $683,252,000 after purchasing an additional 587,329 shares during the period. Renaissance Technologies LLC raised its position in Anheuser-Busch InBev SA/NV by 672.3% in the second quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker's stock valued at $34,907,000 after purchasing an additional 522,575 shares during the period. International Assets Investment Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at $154,640,000. GFS Advisors LLC raised its position in Anheuser-Busch InBev SA/NV by 56,727.5% in the third quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker's stock valued at $12,996,000 after purchasing an additional 195,710 shares during the period. Finally, Raymond James & Associates raised its position in Anheuser-Busch InBev SA/NV by 33.7% in the second quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker's stock valued at $42,244,000 after purchasing an additional 183,301 shares during the period. Hedge funds and other institutional investors own 5.53% of the company's stock.

Analysts Set New Price Targets

BUD has been the subject of a number of research reports. TD Cowen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and lifted their price objective for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Barclays raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Wednesday, October 9th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Monday, September 30th. Citigroup raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley lifted their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.4 %

BUD traded down $0.22 on Friday, hitting $52.91. 3,094,894 shares of the company were exchanged, compared to its average volume of 2,255,881. Anheuser-Busch InBev SA/NV has a twelve month low of $52.88 and a twelve month high of $67.49. The company has a market cap of $95.09 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $60.03 and a two-hundred day moving average price of $61.02.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.